Boca Developers Planning 3 New Condo Communities

MIAMI-Boca Developers of Boca Raton, FL is planning three major condominium developments in South Florida totaling more than 1,200 units and worth at least tens of millions of dollars. The projects are in the very early planning stages, and developers say many of the details, such as costs, are not yet determined.

The largest of the three projects is a 200-acre master-planned community in North Miami. A joint venture with the Swerdlow Real Estate Group of Hollywood, FL, this three-phased community will contain 600 to 700 units in the first phase alone, a spokesperson for Boca Developers tells GlobeSt.com. It will offer two-, three- and maybe four-bedroom units with ceilings at least nine feet high. The average unit in the first phase is planned for 1,500 sf.

Units will start selling for $295,000, or $200 per sf. The sales center is set to open in January. In addition to condos, this development may include townhomes and other types of residences, the spokesperson says.

Additionally, the developer is planning is a 600-unit project on the beach in Pompano. Also a joint venture with the Swerdlow Real Estate Group, the development will feature units in two buildings. The sales center for this development is scheduled to open in February 2003. Britto Cohen is the project’s architect.

The third new project is Orchid Beach in Deerfield, which is being wholly developed by Boca Developers. This oceanfront property will consist of 44 units in two five-story buildings with an average of 2,500 sf per unit. The units will be three-bedroom, three-bath or two-bedroom convertible (den or study), three-bath.

This luxury property is being designed by The Benedict Group Architect and Planning. Pricing is expected to be announced when the on-site sales center opens in January. International Sales Group, based in Aventura, FL, is the exclusive marketing and sales representative for Boca Developers properties.

The developers have not yet released time lines for the three projects. More details will be decided soon, the Boca Developers spokesperson says.

Swerdlow Real Estate Group is a private real estate investment trust involved in real estate ownership, development, management and leasing. Boca Developers, a luxury condominium developer in South Florida, currently has 950 upscale units under construction in Palm Beach and Miami-Dade counties.